Insignia Financial Ltd (AU:IFL) has released an update.
Insignia Financial Ltd has reported a 13.6% increase in underlying net profit for FY24, despite a statutory net loss due to significant costs for transformation, separation, and remediation. The company has seen a reduction in operating expenses and an increase in net revenue, driven by growth across various sectors and the divestment of non-core assets. Insignia Financial is focusing on simplifying its business structure and cost optimization to foster long-term sustainability and growth.
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